While Toyota helped lead the hybrid charge with its Prius, the company has been less active in EV production. But that might be in the past, as, with a focus on EVs. In particular, the company is building a new three-row electric SUV that will be available for US customers.
Toyota's Kentucky operation is its flagship facility, with nearly 9,400 employees. "Today's announcement reflects our commitment to vehicle electrification and further reinvesting in our US operations," Kerry Creech, president of Toyota Kentucky, said in a release.
Little is known so far about the three-row electric SUV, as Toyota only mentions it briefly in relation to the investment. However, it follows the company's prior announcement of itsThe $1.3 billion investment will also go towards creating a battery pack assembly line at its Kentucky factory .has big plans for its battery production, previously announcing three battery ranges focused on higher performance and low cost slated for 2026 and onward.
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Source: engadget - 🏆 276. / 63 Read more »